3164 N Sterling Ave
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3164 N Sterling Ave
27 Unit Block of Flats £8,679,000 (£321,444/Unit) 5.45% Net Initial Yield San Bernardino, CA 92404
Investment Highlights
- Newly Developed 27 Unit Town Home Style Apartment
- Ideal Mix of 3 bedrooms 2.5 bath
- Convenient Access to the 210 & 215 Freeway
- Roof Top Solar System
Executive Summary
2024 Newly Developed 27 Unit Town Home Style Apartment Complex. Excellent location near Cal State San Bernardino , Yaamava' Resort & Casino and frequently visited retail. All units ideal mix of 3 bedrooms 2.5 baths with several including larger private patio areas. All units featuring two car garage many with extended 8' clearance option. Amenities include Clubhouse, Grill and Picnic area's, Half Basketball Court, Tots Playground all entirely enclosed within gated complex. Property holds the potential to be ran fully electric or mix utilities. Rooftop solar system, tank less water heaters, stainless steel features, double lock doors, Formica counter tops, private balcony, private entry way with 74 total parking spaces.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £8,679,000 | Building Class | A |
| Price Per Unit | £321,444 | Lot Size | 2.38 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Net Initial Yield | 5.45% | Building Size | 24,567 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 2 |
| Gross Rent Multiplier | 11.77 | Year Built | 2025 |
| No. Units | 27 | Parking Ratio | 1.91/1,000 SF |
| Property Type | Residential | Cross Streets | Marshall Blvd |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome |
| Price | £8,679,000 |
| Price Per Unit | £321,444 |
| Sale Type | Investment |
| Net Initial Yield | 5.45% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11.77 |
| No. Units | 27 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 2.38 AC |
| Construction Status | Under Construction |
| Building Size | 24,567 SF |
| Number of Floors | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.91/1,000 SF |
| Cross Streets | Marshall Blvd |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Heating
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Dining Room
- Family Room
- Patio
Site Amenities
- Clubhouse
- Fenced Lot
- Picnic Area
- Playground
- Gated
- Basketball Court
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 27 | £2,288 | 1,120 |
PROPERTY TAXES
| Parcel Number | 0272-372-59 | Total Assessment | £435,392 |
| Land Assessment | £435,392 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
0272-372-59
Land Assessment
£435,392
Improvements Assessment
£0
Total Assessment
£435,392
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024 Payable 2025
zoning
| Zoning Code | MF (Multi-Family) |
| MF (Multi-Family) |
-
Michelle Bagi -
Edmond Melendez -
DCR Commercial
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3164 N Sterling Ave
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